⸺ Obituary · August 15, 2018 ⸺
“Bitcoin Is Useless As A Payment Mechanism And Ridiculous As A Store Of Value”
— CNBC, Bill Harris
“Bitcoin will continue to fall, because “there’s just no value there,” former PayPal CEO Bill Harris told CNBC on Tuesday.”
Price at death
$6,270
Today
$73,594
Resurrection
×11.7
On 2018-08-15, Bill Harris (Former CEO, PayPal) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$6,270 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 15, 2018, when one Bitcoin traded for approximately $6,270. Since then, Bitcoin has appreciated by 11.7× relative to the price on the day CNBC pronounced it finished.